Accelya

Accelya is the world’s leading provider of IT solutions for financial and commercial functions in the airline and travel agent industries. In spite of its attractive potential, Accelya’s business was non-strategic for its shareholder, the American group ADP Inc.

Chequers acquired a 100% interest in Accelya alongside its management team in a complex carve-out transaction due to Accelya’s extensive geographical footprint and its deep integration in ADP Inc.

Value creation

Over a significantly long period of time, value creation was achieved by activating many operational levers (sales force efficiency, productivity, new service launches, switch from a business model of licence sales to a Saas and full outsourcing model), investing in human resources (strengthening and renewal of the management team), and by realizing the acquisition of one of the group's main competitors, Kale, a company listed in India. Chequers sold Accelya in 2017 to Mercator. The high quality of the Accelya management, the financial performance of the group and its potential for growth made it possible to build a new development project for the combined group.

Investment year
2007
Turnover at acquisition
€0-100m
Type of operation
Carve-Out
Business sector
B2B Services
Country
Spain